315 Lafayette St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $1,046,000 - $1,119,000
8
Beds
3
Baths
3,267
Sq Ft
$334/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Porch
About This Home
As of May 2020Interest rates are low, consider investing in a great 3 unit building. Extensive work has been done to this building, both exterior & interior. Improvements to exterior include a new roof, new decking on 1st & 2nd floors with new railings on 1st floor deck only, & 3 of 4 exterior walls are fiber cement siding. Interior of units 1 & 2 have also had significant improvements - a great pantry, all new SS appliances in the eat-in kitchens, mostly new windows, updated bathrooms, some new tiling & flooring as required, new countertops as required, & much more. The smaller unit on the 3rd floor offers living room, kitchen, bath & 2 bedrooms or 1 bedroom plus dining room. The building also offers a full, unfinished basement, plenty of storage space, washer/dryer hook up, & bulkhead to the back yard. All separate utilities for each unit. Rents include water & sewer, trash removal, common area utilities, snow plowing & landscaping. Parking 1 single spot, 2 tandem spots. A great opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,005
Year Built
- Built in 1900
Lot Details
- 4,356
Outdoor Features
- Deck
- Porch
Additional Features
- Wood Flooring
- Year Round Access
- Natural Gas Water Heater
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2020
Closed on
May 27, 2020
Sold by
Marblehead Office Llc
Bought by
Alonso Ronald A
Seller's Agent
Anne Foster
Glover Brokerage Corporation
Buyer's Agent
Peter Giannikopoulos
Coldwell Banker Realty - Boston
List Price
$795,000
Sold Price
$765,000
Premium/Discount to List
-$30,000
-3.77%
Total Days on Market
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,001
Avg. Annual Appreciation
6.34%
Original Mortgage
$739,468
Outstanding Balance
$665,217
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$376,166
Purchase Details
Closed on
May 12, 2009
Sold by
Moore Edward T
Bought by
Marblehead Off Llc
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alonso Ronald A | $765,000 | None Available | |
| Marblehead Off Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alonso Ronald A | $739,468 | |
| Previous Owner | 315 Lafayette Rt | $1,250,000 | |
| Previous Owner | 315 Lafayette Rt | $250,000 | |
| Previous Owner | 315 Lafayette Rt | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2020 05/27/20 | Sold | $765,000 | -3.8% | $234 / Sq Ft |
| 04/22/2020 04/22/20 | Pending | -- | -- | -- |
| 04/07/2020 04/07/20 | For Sale | $795,000 | 0.0% | $243 / Sq Ft |
| 03/30/2020 03/30/20 | Pending | -- | -- | -- |
| 03/17/2020 03/17/20 | For Sale | $795,000 | -- | $243 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,005 | $970,500 | $174,600 | $795,900 |
| 2024 | $10,174 | $875,600 | $174,600 | $701,000 |
| 2023 | $9,893 | $790,800 | $159,800 | $631,000 |
| 2022 | $9,531 | $719,300 | $153,900 | $565,400 |
| 2021 | $8,517 | $617,200 | $145,000 | $472,200 |
| 2020 | $7,416 | $513,200 | $130,200 | $383,000 |
| 2019 | $7,274 | $481,700 | $118,400 | $363,300 |
| 2018 | $6,675 | $434,000 | $110,100 | $323,900 |
| 2017 | $6,468 | $407,800 | $103,600 | $304,200 |
| 2016 | $6,083 | $388,200 | $84,000 | $304,200 |
| 2015 | $6,050 | $368,700 | $84,000 | $284,700 |
Source: Public Records
Agents Affiliated with this Home
-
Anne Foster
A
Seller's Agent in 2020
Anne Foster
Glover Brokerage Corporation
(781) 632-8699
1 Total Sale
-
Peter Giannikopoulos
Buyer's Agent in 2020
Peter Giannikopoulos
Coldwell Banker Realty - Boston
(617) 733-2519
64 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72634819
APN: SALE-000033-000000-000409
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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